Exempt Services Valuation Method for CENVAT Credit Reversal u/r 6(3A) Upheld Due to Lack of Statutory Formula (3A.

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....Reversal of CENVAT credit - Rule 6(3A) of CCR - the value of exempted service was arrived at by the Original Authority as difference between sale price and cost of goods sold or 10% of the cost of goods sold whichever is more - in the absence of any other statutory formula to arrive at the quantum of Cenvat credit to be reversed on common input services, we find no impropriatory in the decision of the Original Authority - AT....